This chapter elaborates the idea of “structural equity,” seen as the central fairness issue in international economic practice. It presents a deontological and contractualist conception of equity in basic fair division, which is in turn applied to “structural” questions of equity in social relations that extend over time. It is argued that “internal” issues of structural equity arise broadly, in economic dispute resolution, in multilateral systems, as well as in capital markets. It is also suggested that a wide variety of other “internal” fairness ideas can be explained in terms of the more basic idea of structural equity.
Keywords: equity, equality, fair division, deontology, contractualism, moral reasoning, reasonable rejection, social practice, structural equity, economic law, multilateral trading system, capital markets, internal versus external fairness issues, fair play, political fairness, fair bargaining, fair price, fair wage, competitive fairness
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